Ninole, Hawaii Property Taxes
The median property tax rate in Ninole, HI is 0.37%, considerably higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Ninole at $768,050, the typical annual property tax bill reaches $2,891, slightly exceeding the national median of $2,690. Property taxes in Ninole are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ninole's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ninole or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ninole, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$2,842
Ownwell’s Ninole Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ninole with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ninole to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ninole, Hawaii
Property taxes in Ninole, Hawaii, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ninole is 0.37%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Ninole set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ninole estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ninole's effective property tax rate to other counties in Hawaii and the national median. For comparison, the highest median property tax rate in the county is significantly higher, while the lowest median tax rate is considerably lower. Understanding how these cities compare with Ninole provides valuable insights into the varying tax landscape across Hawaii, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ninole Tax Rate
0.37%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ninole, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96773 | 0.14% | 0.32% | 0.37% | 0.42% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Ninole, Hawaii
In Ninole, Hawaii, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hawaii County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ninole, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Ninole is $768,050, with tax bills ranging from $1,627 at the 25th percentile to $6,595 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,891, found in the 96773 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ninole Assessed Value
$768,050
Average Hawaii County Assessed Value
$412,300
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ninole, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96773 | $308,430 | $426,075 | $768,050 | $1,226,550 | $1,532,530 |
Source: Ownwell
Property Tax Bills Across Ninole, Hawaii
In Ninole, located in Hawaii County, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Ninole face varying tax bills, with the 25th percentile paying around $1,627 and the 75th percentile seeing bills as high as $5,162. The 90th percentile of tax bills can reach up to $6,595, indicating significant variation based on property values and assessments. Several factors influence these tax bills, including the property's location, size, and condition, as well as any applicable exemptions or deductions. The median home price in Ninole is $768,050, which is considerably higher than many parts of the country. This high market value contributes to the comparatively higher property tax bills in the area. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Ninole Tax Bill
$2,891
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Ninole, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96773 | $855 | $1,627 | $2,891 | $5,162 | $6,595 |
Source: Ownwell